(Bloomberg) -- Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China, the world’s biggest producer and consumer ...
-- Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets . China , the world’s biggest producer and consumer of the precious metal , is front and center of the extraordinary ascent.New York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemWorsening geopolitical tensions, including war in the Middle East and Ukraine, and the prospect of lower US interest rates all burnish gold’s billing as an investment.
It’s the keenest buyer among a number central banks that are favoring gold. The official sector snapped up near-record levels of the precious metal last year and is expected to keep purchases elevated in 2024.It’s indicative of gold’s allure that Chinese demand remains so buoyant, despite record prices and a weaker yuan that robs buyers of purchasing power.
That suggests the rally is sustainable and gold buyers everywhere should be comforted by China’s booming demand, said Nikos Kavalis, managing director at consultancy Metals Focus Ltd. Chinese demand could continue to rise as investors look to diversify their holdings with commodities, BI analyst Rebecca Sin said in a note.My Top 5 Dividend Stocks for Passive-Income Investors to Buy in April 2024
Among the top-voted questions: “Is there any discussion about oversight of Elon’s erratic behavior on X that is damaging the Tesla brand?”Trump Media stock rebounds 47% after brutal post-IPO sell-offThere are some stocks you can buy and hold forever. Here's one top pick that won't disappoint investors anytime soon. The post 1 High-Yield Dividend Stock You Can Buy and Hold Forever appeared first on The Motley Fool Canada.
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